Stock Track | Blackbaud Shares Plunge as Q3 Earnings Miss Estimates, Guidance Cut

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Shares of Blackbaud Inc. (BLKB) plummeted by 13.79% on Wednesday after the cloud software company reported disappointing third-quarter results and slashed its full-year guidance.

For the three months ended September 30th, Blackbaud posted adjusted earnings per share of $0.99, missing analysts' expectations of $1.06-$1.07. The company's revenue of $286.7 million also fell short of the estimated $293 million.

Following the weaker-than-anticipated Q3 performance, Blackbaud lowered its earnings and revenue outlook for fiscal 2024. The company now expects full-year adjusted EPS in the range of $3.98 to $4.16, down from its previous guidance of $4.12 to $4.38. Meanwhile, Blackbaud's revenue forecast for the year was trimmed to $1.15 billion to $1.16 billion, compared to the previous range of $1.16 billion to $1.19 billion.

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(BLKB) plummeted by 13.79% on Wednesday after the cloud software company reported disappointing third-quarter results and slashed its full-year guidance.\nFor the three months ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLKB","symbol_name":"布莱克波特科技","start_time":0,"source_url":"","article_id":"1103636179","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103636179","pubTimestamp":1730295059,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Blackbaud Inc.  plummeted by 13.79% on Wednesday after the cloud software company reported disappointing third-quarter results and slashed its full-year guidance.For the three months ended September 30th, Blackbaud posted adjusted earnings per share of $0.99, missing analysts' expectations of $1.06-$1.07. 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